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...“None of them is a real estate expert,” the creditor said....
...Harding-Jones faces a tough task to restore the position and prestige of Deutsche after years of retrenchment and restructuring at its investment bank....
...The complaint was filed with Austria’s State Prosecutor for Economic Crime and Corruption (WKStA) late last week by a Viennese law firm on behalf of a group of international, institutional investors who...
...Benko, the company’s founder and largest shareholder, has spent much of the last year trying to raise cash for the group, as hundreds of millions of euros of debt has come due at a time of falling real estate...
...German insurers including Munich Re and Allianz have amassed more than €3bn of exposure to the struggling property empire owned by real estate billionaire René Benko....
...A senior BND employee, Carsten L., was arrested last year following an investigation by the BfV on suspicion of spying for the Kremlin. His trial began in December....
...“Easy Wins” (4th Estate) by Anna Jones is out now Follow @FTMag to find out about our latest stories first and subscribe to our podcast Life and Art wherever you listen...
...Four months on from the collapse of his sprawling luxury real estate empire, the Signa Group, Benko — once one of Europe’s youngest billionaires, feted by politicians in Austria and Germany — has come under...
...It’s also a portrait of a time during which New York’s creative community was “being decimated” by AIDS, Jones writes in the introduction....
...Behind its glamorous showcase of addresses, however, stood a highly leveraged network of more than 1,000 corporate entities, run by Benko and a small loyal team from the company’s headquarters in the alpine...
...The estate comprises the Reichstag building — the imposing Wilhelmine-era building now topped with an iconic glass dome designed by Sir Norman Foster — in central Berlin and a sprawling series of nearby...
...Sam Jones A lot of banks are worried about what this means for commercial real estate in Europe as a whole, and whether Signa is a sort of canary in the coal mine....
...“I found myself part of a tight-knit group, doing a hard job with skill and mutual loyalty, led by one of the most remarkable men I have ever known, who never wavered from the path of humour and decency,...
...A US hedge fund is seeking to reverse a high-profile deal between Frontline, controlled by shipping magnate John Fredriksen, and one of Belgium’s oldest shipping dynasties....
...sam.jones@ft.com Letter in response to this column:Blame real estate owners for the woes of department stores / From Christopher Knee, Honorary Adviser, International Association of Department Stores, Paris...
...(Current bid €110) Furnishings by Vitra and Noguchi, e-bikes, two European Real Estate Brand awards, beanbags, pre-filled wastepaper bins, sales brochures and a snowglobe also feature across the auction...
...He added that the deaths were caused by a crush and by trucks running over people. “Aid distribution inside Gaza is a problem,” he said....
...On Friday, US jobs growth figures for December and January were downgraded sharply, cementing investors’ expectations of a rate cut by June, while eurozone data showed wage and profit growth easing....
...The Office of Inspector General, which oversees the Fed, said in a report released on Monday that the two former regional Fed presidents — Robert Kaplan of the Dallas Fed and Eric Rosengren of Boston — had...
...Robert Kaplan and Eric Rosengren, former presidents of the Fed’s Dallas and Boston branches, respectively, both traded in a way that could create an “appearance of a conflict of interest” that could cause...
...Biden, 81, has faced persistent questions about his age and fitness for office, especially after special counsel Robert Hur described him as a “well-meaning, elderly man with a poor memory”....
...cities, and some of the most valuable real estate in Vienna....
...“Barring some kind of exogenous shock, this removes the possibility of a rate cut in March,” said Simons of the labour data. “A cut in March would be unthinkable.”...
...“We need peace and order for these Signa companies, their partners, investors and employees,” said Gusenbauer — a former chancellor of Austria who was brought into Signa by Benko in 2010....
...of Jelmoli and Globus in Zurich demonstrate the damage that can be inflicted on business by unscrupulous real-estate owners....
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